The fire protection materials market has witnessed significant innovations and advancements. New materials such as fire-resistant coatings, advanced fire-retardant fabrics, and eco-friendly flame suppressants have emerged. These materials offer enhanced fire protection for structures, products, and clothing. Additionally, smart technologies now integrate fire detection and suppression systems, improving response times and overall safety. These innovations drive the market by addressing the growing need for fire safety in diverse industries, from construction and manufacturing to residential and commercial sectors.
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Data Bridge Market Research analyses that the Australia Fire Protection Materials Market value, which was USD 1,65,601.81 thousand in 2021, is expected to reach the value of USD 1,65,601.87 thousand by 2029, at a CAGR of 5.2% during the forecast period of 2022-2029. Increasing construction projects create a heightened need for fire-resistant materials in buildings and infrastructure. These materials are crucial for safeguarding structures, enhancing fire safety, and complying with regulations, driving demand in the fire protection materials market.
Key Findings of the Study
Regulatory standards are expected to drive the market's growth rate
Stringent safety regulations across diverse industries significantly influence the fire protection materials market. These regulations enforce the use of fire protection materials to ensure the safety of structures, assets, and occupants. Whether in construction, manufacturing, or transportation, compliance with these standards is non-negotiable. As a result, the market experiences sustained demand for fire-resistant materials, suppression systems, and safety equipment as industries prioritize safety measures to align with legal and regulatory requirements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Adhesive and Sealant, Intumescent Coatings, Sheets & Boards, Foam, Putties, Mortar, Fire Blocks, Cementitious Spray, Preformed Devices, Fire Safe Pipe Penetrations, Others), Types of Fire (Cellulosic Fires, Hydrogen Fires, Jet Fires), Application (Pipe, Duct, Structural Steel Fireproofing, Cable & Wire Tray Fireproofing, Doors, Windows, Glasses, Others), End-Use (Residential, Commercial, Institutional, Infrastructure)
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Countries Covered
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Australia
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Market Players Covered
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3M (U.S.), BASF SE (Germany), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Morgan Advanced Materials and its affiliates (U.K.), Hilti Group (Liechtenstein), Tremco Incorporated (U.S.), Unifrax (U.S.), Tenmat (U.K.), Sika Australia Pty Ltd (Australia)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Australia fire protection materials market is categorized based on product, types of fire, application, and end-use.
- On the basis of product, Australia fire protection materials market is segmented into adhesive and sealant, intumescent coatings, sheets and boards, foam, putties, mortar, fire blocks, cementitious spray, preformed devices, fire safe pipe penetrations, and others.
- On the basis of types of fires, Australia fire protection materials market is segmented into cellulosic fires, hydrogen fires, and jet fires.
- On the basis of application, Australia fire protection materials market is segmented into pipe, duct, structural steel fireproofing, cable and wire tray fireproofing, doors, windows, glasses, and others.
- On the basis of end-use, the Australia fire protection materials market is segmented into residential, commercial, institutional, and infrastructure.
Major Players
Data Bridge Market Research recognizes the following companies as the Australia fire protection materials market players in Australia fire protection materials market are 3M (U.S.), BASF SE (Germany), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Morgan Advanced Materials and its affiliates (U.K.).
Market Developments
- In March 2022, PPG Industries, Inc. introduced the PPG AMERLOCK 600 multipurpose epoxy coating, designed for applications demanding exceptional versatility. Polyamide-cured and highly built coatings offer a wide application thickness range, rapid drying capabilities, and a one-year recoat window. This range of coatings caters to various industrial needs, providing a flexible and efficient solution for protective and aesthetic purposes while streamlining application processes.
- In June 2022, Hempel A/S unveiled Hempafire XTR 100, a groundbreaking protective material designed for the hydrocarbon PFP (Passive Fire Protection) segment. This lightweight coating boasts a low dry film thickness, ideal for safeguarding oil and gas downstream assets. Hempafire XTR 100 offers an innovative solution for ensuring fire protection in the hydrocarbon industry, enhancing safety and asset preservation while minimizing coating thickness.
- In April 2022, Henkel introduced two innovative fire protection coatings, Loctite FPC 5060 and Loctite EA 9400, specifically designed for electric vehicle batteries. These coatings are engineered to safeguard against fire and heat during a thermal runaway event. When applied to battery packs, they act as a crucial barrier, inhibiting and slowing the spread of fires, providing passengers with valuable time to exit the vehicle, enhancing electric vehicle safety safely.
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